CastAwayTrader

CastAwayTrader

My brand new indicator Impulse Master printed a topping signal on Daily However, the bull run in NQ is 70% completed on Daily

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The Impulse Master indicator keeps nailing turns nicely.

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My Impulse Master indicator printed bottoming signals. Bulls have a setup to start a new leg up

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This Jan'24 rally could be counted as a subwave -b- up to be followed by a strong drop in a subwave -c- down under the Running Flat -a-b-c- down corrective structre

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Bulls can keep pushing S&P higher in a subwave ( c ) of wave ( iii ) up targeting the next resistance at 5,209. However, I prefer a more complex and tricky Scenario 2 that first shakes off weak hands and only then starts a rally to 5,200 see the Scenario II:

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This push higher off the Oct'23 low lacked a micro i up, ii down at the start and therefore I think that most likely its a false start of the accelerated part of the subwave ( c ) of wave ( iii ) up. Then we should be dealing with the subwave -b- up to be followed by a subwave -c- down (unfolding very bullish the Running Flat corrective a-b-c down structure) I...

CastAwayTrader

Bitcoin can make one more push from mid Jan'24 into the early-mid Feb to 46,500 - 47,000. Then I would expect a 2-month long a-b-c down flat consolidation followed by a huge rally in a subwave C of wave 3 up. The subwave C of wave 3 up will be able to surge up to 82,200 in 2024.

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Bulls still have a wave count supporting the final spiky move up in 2 year yield to 5.50%

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We have a setup for another spiky move up in 2 year yield to a new high of the year 2023. The target for the subwave -c- of wave -iii- up = 5.365%

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The final exhaustive push higher in a subwave -c- of wave -v- up quite often comes as a strong rally resembling the heart of the rally in a subwave -c- of wave -iii- up.

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2 year yield keeps pushing to the target at 5.50% We are in the final wave v up. Upon completion of that five wave up rally we should get a large corrective a-b-c pullback to re-test the low made by the wave -iv- down

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Top complete a five wave up structure of the rally off the March'23 low it should stretch higher to 5.50%. Upon completion of the five wave up structure yield should drop back down to 4.80%-4.70%

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META: From Daily Extreme Oversold to the Monthly Extreme Overbought signal

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This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance. As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts. The Rule of thumb is: ⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to...

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Note how the Monthly support calculated and drawn by the Month Opening Range indicator nailed the bottom of the post FOMC-decline You can find the indicator here: https:// /

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Yesterday NQ tagged the Red Supply zone and completed a corrective wave iv down. This morning we are getting the first leg down of wave v down

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10 year notes broke out of the bullish wedge as expected. Bulls have a setup for a large five wave up rally in T-notes (meaning decline in 10 year yield)

CastAwayTrader

We have got a clean bullish setup, a classic five waves up followed by a three wave down decline making a higher low. A very attractive setup for a rally in wave (c) up